Sixty years of success in Matane

On October 18, 2017, Raymond Chabot Grant Thornton proudly celebrated 60 years of history in Matane with a festive cocktail. The firm shares this pride with its clients and business partners who have put their trust in us over the years and who continue today to encourage more than 40 professionals to excel in their commitment. This festive event, presented in a seaside setting, gathered some 75 clients, business partners and employees!

René Gauthier, Partner in charge of the Matane office, said “This is a pride that we must also share with its founder, Gérard Lavoie, who, through his entrepreneurship, marked the history of our firm and that of the local businesses by choosing to join forces with Raymond Chabot Grant Thornton.”

In its 60 years in Matane, the Raymond Chabot Grant Thornton Partners and employees are proud of having supported thousands of local clients and organizations in the creation of jobs, innovation development, and the growth and competitiveness of local businesses.

René added, “If our firm’s foothold is so strong in Matane and in the French-speaking Lower St. Lawrence, Gaspé and New Brunswick regions, where we have 14 of our offices, it’s thanks to our valued clients and business partners. They are our raison d’être, just like all of our colleagues who leverage their expertise and professionalism every day for the benefit of our communities and the various players involved. We’re proud to guide our clients in their successes for the past 60 years and trust we will be a partner of choice in their successes for years to come.”

Remember that on June 4, 2017, Raymond Chabot Grant Thornton’s Matane office hosted a dinner with the office’s current employees, professionals and partners to honour Gérard Lavoie.

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Video about Federal Government Measures (Morneau Tax Reform)

On October 16, 2017, the federal government issued a release in which it signaled its intention to simplify the measures proposed on July 18, 2017 to counter family income splitting.

Take a look at the video of our expert Jean-Pierre Poulin, CPA, CA, partner – Taxation, to learn more about the tax measures announced by the federal government and actions to be taken quickly. (In French only.)

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On November 1st, the Association Québécoise des Entrepreneurs en Infrastructure (AQEI) held its “Conférence Innovation 2017”. Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton, will be hosting all exchanges for the series of conferences, the first of which discussed the new Réseau électrique métropolitain (REM). The guest speaker was Jean-Marc Arbaud, Deputy Managing Director of CDPQ Infra, and the discussion between the two leaders enabled the sixty or so infrastructure entrepreneurs attending the event to learn more about the REM’s major project!

Jean-Marc Arbaud (to the left on stage) talking with Emilio B. Imbriglio

An innovative development model!

Since the inauguration of the Montréal metro, the REM is the largest integrated public transportation infrastructure in the Montréal region and the value of this project is estimated at $6.4 billion dollars. The network of 67 km of double tracks will be the fourth largest, automated transportation system in the world. The REM will offer several simple, efficient methods for travelling in the Greater metropolitan area.

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MONTRÉAL, October 26, 2017 – Raymond Chabot Grant Thornton, Quebec’s top accounting firm, believes it’s important to enhance the efficiency and fairness of our tax system for all taxpayers and applauds the government’s decision not to adopt a number of the measures in the July 18, 2017 legislative proposals. The government will, therefore, be able to properly analyze the many comments received during the consultation that ended October 2nd, and, it is hoped, will introduce measures to foster the growth of SMEs.

The firm also believes that the reduced tax rate for small and medium businesses confirmed in Minister Morneau’s economic update are a better choice for boosting the growth and competitiveness of businesses than the July 2017 proposed measures. Raymond Chabot Grant Thornton is pleased with the various changes to lighten middle class individuals’ tax burden.

Raymond Chabot Grant Thornton, a business partner for Quebec and Canadian enterprises for over 70 years, works daily to provide them with the means to fulfil their ambitions in order to unlock their full potential. Emilio B. Imbriglio, President and CEO, said: “We know what the needs and challenges of entrepreneurs are, and we recognize that recent changes to the proposed tax measures are positive, but they don’t fully allow businesses to perform at the height of their ambitions, especially in regard to intergenerational business transfers, a key issue for our firm.”

Business transfer taxation still unfair

Even if the federal government decided not to act on the proposals, in particular, those concerning the conversion of income into capital gains and the Lifetime Capital Gains Exemption, tax unfairness still exists for intergenerational business transfers. For several years, the firm has been making representations before the Quebec and Canadian governments to make business transfers to a family member fairer for all businesses in all economic sectors. Imbriglio adds, “We have succeeded in convincing the Quebec government to act on this, but the issue is still there on the federal side. We think this is entirely unacceptable, especially when the Finance Minister of Canada’s objective is greater tax fairness.”

Lower taxes welcome

Luc Lacombe, Tax Partner, stated: “The fact that they held their electoral promise to lower the SME tax rate to 9% as of 2019 is great news for our economic drivers. Without undermining the contribution of our workers, an economy without entrepreneurs is not a healthy one. Our tax system needs to acknowledge the risks our entrepreneurs assume. If other tax reforms are to be proposed in the near future, it’s important for the government to take this reality into consideration and do more to promote our entrepreneurs’ investments and innovation.”

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton has become a Canadian leader in the areas of assurance, tax, advisory services, and business recovery and reorganization, with more than 2,300 professionals, including approximately 200 partners. Together, Raymond Chabot Grant Thornton and Grant Thornton LLP, another Canadian member firm of Grant Thornton International Ltd, comprise more than 4,200 professionals and close to 140 offices across Canada to help Canadian organizations achieve their full growth potential, both locally and globally. Grant Thornton International Ltd’s member and correspondent firms provide clients with the expertise of some 47,000 professionals in more than 130 countries.